PRM524 midterm Exam Latest (graded)

PRM524 midterm Exam Latest




1. As a project manager, when should you especially consider cultural differences?

Question 1 options:

When you break down scope to create a work breakdown structure (WBS).

When you assign human resources to do the work in a schedule activity.

When you develop acceptance criteria for work results to be achieved by the team members.

When you decide upon recognition and awards during team development.

2. As the project manager in a currently initiated software project , you want to assess high-level

risks. What should you do?

Develop the project charter and a risk management plan to start identifying risks based on those

and other documents.

Develop contingency plans and fallback plans in case the original plan proves wrong.

Discuss the risks documented in your Risk Register with the project key stakeholders.

Identify and analyze risk events using qualitative and quantitative techniques

3. Your organization is considering to run a project which will entail an investment of

$1,000,000. The product from the project is forecasted to create revenues of $250,000 in the first

year after the end of the project and of $420,000 in each of the two following years. What is true

for the net present value of the project over the three years cycle at a discount rate of 10%?

The net present value is positive, which makes the project attractive.

The net present value is negative, which makes the project attractive.

The net present value is negative, which makes the project unattractive.

The net present value is positive, which makes the project unattractive.